The U.S. has six major classes of wheat, with Hard Red Winter (HRW) comprising more than 40 percent of the total. Analysts have noted that the 2022 HRW crop is the smallest since 1957. Drought has certainly impacted harvested acres and yield, but overall U.S. wheat production has been on a steady decline for many years. It has been averaging almost a 1 percent decline per year. The U.S. is the world’s fifth overall largest producer of wheat, but when looked at by its individual classes, the output is smaller than many other countries’ total output. China and India produce a lot more wheat but are smaller exporters. While the U.S. exports almost half of its far smaller volume of wheat produced, Europe consumes internally 7...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.